The government has refuted rumours of a monetisation scheme for gold held by temple trusts and religious institutions, clarifying that such claims are false and misleading.
'Even last year, when India bought gold, the physical quantity was much less than the previous years.'
Police in Chhattisgarh's Mahasamund district seized 7.5 kilograms of gold worth Rs 9.17 crore from a car. The occupants of the car could not provide satisfactory answers about the gold's origin or produce relevant documentation.
Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
Himanshu Dhillon secured a dramatic last-shot victory in the men's 10m air rifle at the T4 national selection trials. Deeksha Vaishya won the women's air rifle, and Suraj Sharma topped the men's 25m rapid-fire pistol event, with these results impacting national rankings and Asian Games team selections.
A Delhi court has rejected the pre-arrest bail plea of a man accused of fleeing with a person's gold rings after engaging him in a conversation in Connaught Place last month.
Indian rowers Balraj Panwar and Babu Lal Yadav are confident of winning gold medals at the upcoming Asian Games in Japan, aiming to improve upon their previous performances and end India's wait for a rowing gold at the event.
Eight people have been arrested in Ahmedabad for allegedly stealing 2.1 kilograms of gold jewellery worth Rs 2.58 crore from an Akasa Air cargo shipment. The theft involved a pre-planned racket, with two Akasa Air employees among those arrested. The airline has terminated their services and is cooperating with the police investigation.
A school teacher in Beed district, Maharashtra, was robbed of a gold chain worth Rs 1.05 lakh by two men on a motorcycle, police said.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
Madhya Pradesh's Dev Kumar Meena won gold in pole vault at the National Senior Athletics Federation Competition, with both he and Kuldeep Kumar setting a new national record. Several other athletes also achieved Commonwealth Games qualification marks.
Customs officials at Delhi airport seized 115 smuggled gold bars weighing 3.5 kg from an American national of Indian origin, who allegedly concealed the contraband in a specially designed belt.
A jeweller in Beed district was allegedly assaulted and robbed of Rs 3 lakh by fraudsters who promised to sell him gold biscuits smuggled from Dubai. Two suspects were arrested after their motorcycle crashed during their escape, while others remain at large.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
Despite a sharp increase in import duties on gold and silver to 15 per cent, the precious metals are trading at significant discounts in the domestic market, with gold seeing discounts of up to $200 an ounce and silver up to $6 an ounce.
Sumit Antil, a two-time Paralympic gold medallist, has criticised a segment of coaches for being egoistic, using outdated training methods, and being abusive. He shared his own experiences and those of other athletes to highlight the issues within the coaching system.
Jannat Zubair Rehmani's feed is proof that subtle is overrated. With her film, Glory on OTT, and her fashion game shining just as bright, Jannat is fully in her metallic era serving gold, silver and everything in between like it's second nature.
Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.
A gold jewellery firm in Bengaluru was allegedly cheated of Rs 3 crore by three men posing as wholesale buyers who decamped with ornaments.
Jammu and Kashmir Chief Minister Omar Abdullah congratulated 14-year-old boxer Mohammad Yasser from Rajouri on winning a gold medal at the Asian U-15 Boxing Championship in Tashkent, Uzbekistan.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
Esha Singh won gold in the women's 25m pistol final at the ISSF World Cup in Munich, setting a new world record score of 43. This is India's first medal at the Munich World Cup.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
Thane Crime Branch arrests two women for allegedly stealing gold ornaments from citizens, solving nine cases and recovering jewellery worth Rs 37.19 lakh.
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
Railways' Sonam Uttam Maskar won gold in the women's 10m air rifle event at the Kumar Surendra Singh Memorial Shooting Championship, with Elavenil Valarivan taking silver. Tilottama Sen, Sanvi R.P. also secured titles in junior and youth categories respectively.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
A jewellery trader in Thane was allegedly cheated of Rs 14 lakh by six individuals who promised to sell him gold at a discounted price but failed to deliver.
The Customs department seized gold worth Rs 3.15 crore from two passengers at Mumbai airport, including a finance professional smuggling gold due to US-Iran conflict concerns.
A jewellery shop in Karnataka was robbed in the early hours of Saturday, with thieves making off with gold and silver worth over Rs 40 lakh.
India's organised gold jewellery retail sector is projected to experience a 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, due to elevated gold prices and a recent import duty hike, according to a Crisil report.
Gold prices in the national capital fell by Rs 600 to Rs 1.64 lakh per 10 grams, influenced by tentative progress in US-Iran negotiations, which reduced demand for precious metals. However, unresolved tensions surrounding the Strait of Hormuz continue to keep traders cautious.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
Army shooter Ganga Singh won gold in the men's 50m rifle 3-positions at the 24th Kumar Surendra Singh Memorial Shooting Championship. Haryana's Kamaljeet Choudhary and Surbhi Rao secured the 10m air pistol mixed team title.
Indian wushu player Aparna won a gold medal in the women's 52kg category at the 11th Sanda World Cup in Macau, defeating Vietnam's Thi Phuong Nga Ngo in the final.
India concluded the 5th Asia Cup Bridge Championship with a total of four medals, including three silver and one bronze. While Hong Kong China, Indonesia, China, and Australia claimed gold in team categories, India secured silver in both team and pair events, showcasing a strong performance in the regional competition.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a dramatic shoot-off victory against China to win the gold medal at the Archery World Cup Stage 2 in Shanghai.
Olympian Anish Bhanwala won gold in the men's 25m rapid fire pistol event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Suraj Sharma won silver and Vijayveer Sidhu took bronze.
A home tutor in Delhi has been arrested for allegedly stealing gold and diamond jewellery from a house in Paschim Vihar. Police recovered the stolen items from her residence after an e-FIR was filed and CCTV footage was analysed.
